Solutions

Bring Our Procurement Expertise In House

Turn your most complex data into beautiful, intuitive, and actionable spend analytics using our out of the box dashboards
built by procurement professionals, for procurement professionals.

SPEND ANALYTICS

Simfoni's spend analytics platform is the most comprehensive analytics solution on the market for procurement teams of all sizes. Powered by machine learning, and a passion for procurement, Simfoni provides an easy to use and intuitive user interface, so you can categorize your spend with ease in days, not weeks.

COST OPTIMIZATION

Using Simfoni's spend intelligence management solution, companies can not only gain full visibility into both direct and indirect spend, but they can also derive cost optimization opportunities. Uncovered utilizing our built in category management and self learning automation to recommend cost reduction opportunities.

PROCUREMENT EXPERTISE

Under the guidance of our world class team of procurement experts, Simfoni empowers procurement professionals to master the process of optimizing cost efficiency, spend visibility, and strategic sourcing using the features our product suite offers.

SPEND ANALYTICS

Simfoni's spend analytics platform is the most comprehensive analytics solution on the market for procurement teams of all sizes. Powered by machine learning, and a passion for procurement, Simfoni provides an easy to use and intuitive user interface, so you can categorize your spend with ease in days, not weeks.

COST OPTIMIZATION

Using Simfoni's spend intelligence management solution, companies can not only gain full visibility into both direct and indirect spend, but they can also derive cost optimization opportunities. Uncovered utilizing our built in category management and self learning automation to recommend cost reduction opportunities.

PROCUREMENT EXPERTISE

Under the guidance of our world class team of procurement experts, Simfoni empowers procurement professionals to master the process of optimizing cost efficiency, spend visibility, and strategic sourcing using the features our product suite offers.

Bring Our Procurement Expertise In House

Turn your most complex data into beautiful, intuitive, and actionable spend analytics using our out of the box dashboards
built by procurement professionals, for procurement professionals.

SPEND ANALYTICS

Simfoni's spend analytics platform is the most comprehensive analytics solution on the market for procurement teams of all sizes. Powered by machine learning, and a passion for procurement, Simfoni provides an easy to use and intuitive user interface, so you can categorize your spend with ease in days, not weeks.

COST OPTIMIZATION

Using Simfoni's spend intelligence management solution, companies can not only gain full visibility into both direct and indirect spend, but they can also derive cost optimization opportunities. Uncovered utilizing our built in category management and self learning automation to recommend cost reduction opportunities.

PROCUREMENT EXPERTISE

Under the guidance of our world class team of procurement experts, Simfoni empowers procurement professionals to master the process of optimizing cost efficiency, spend visibility, and strategic sourcing using the features our product suite offers.

SPEND ANALYTICS

Simfoni's spend analytics platform is the most comprehensive analytics solution on the market for procurement teams of all sizes. Powered by machine learning, and a passion for procurement, Simfoni provides an easy to use and intuitive user interface, so you can categorize your spend with ease in days, not weeks.

COST OPTIMIZATION

Using Simfoni's spend intelligence management solution, companies can not only gain full visibility into both direct and indirect spend, but they can also derive cost optimization opportunities. Uncovered utilizing our built in category management and self learning automation to recommend cost reduction opportunities.

PROCUREMENT EXPERTISE

Under the guidance of our world class team of procurement experts, Simfoni empowers procurement professionals to master the process of optimizing cost efficiency, spend visibility, and strategic sourcing using the features our product suite offers.

Does Your Current Solution Deliver 100%

Spend Visibility

AI and Automation powered Classification, Normalization, Dashboards and Insights, bring visibility to all levels of your procurement team.

Spend forecasting

Thanks to advance Machine Learning models, our predictive forecasts help you proactively plan procurement activities months in advance.

Supplier Risk Management

Dedicated supplier module not only shows the opportunities for negotiation, but also the associated risks across a number of critical factors.

Opportunity Assessment

AI engine that fills your opportunity pipeline using over 13 savings lever scenarios, which is then powered by benchmark data across industries and regions.

Spend Visibility

AI and Automation powered Classification, Normalization, Dashboards and Insights, brings visibility to all levels of procurement team.

Opportunity Assessment

AI engine that fills a your opportunity pipeline using over 13 savings lever scenarios which is then powered by benchmark data across industries and regions.

Supplier Risk Management

Dedicated supplier module not only shows the opportunities for negotiation, but also the associated risks across a number of critical factors.

Spend forecasting

Thanks to advance Machine Learning models, our predictive forecasts helps you proactively plan the procurement activities months in advance.

Spend Visibility

Leave no Tail is our philosophy on Spend Visibility. The platform’s end-to-end data pipeline has built in sub-modules that, at each step, contribute to not only spend visibility, but also accuracy. Our AI engine which is the core of the architecture, ensures a high percentage of spend and lines are classified to appropriate category tree and 100% of suppliers are normalized. The Insight module then provides interactive dashboards and performance metrics which not only tell you the story of the spend, but also the anomalies and outliers in those key performance areas.

Supplier Risk Management

Climb the ladder of procurement maturity with the Supplier Risk Management module. Beyond the common factors of risk assessment, Simfoni analytics provides insights, real-time in some cases, on many other impacting parameters like Suppliers, Markets, Commodities, Seasons, Geopolitical Issues, and even Unexpected Occurrences using our data connectors to external sources of information. These insights are then correlated to the spend patterns and forecast to provide a holistic risk profile for each category helping our customers mitigate risks proactively and in many cases turning those risks into opportunities.

Spend Forecasting

We give you the ability to see what is coming around the corner ahead! Spend Intelligence for the future, based on the collective past is what Simfoni brings to the table for our customers. The dedicated forecasting module applies statistical calculations on the past spend patterns and market intelligence to create forecast scenarios. The forecasts are then approved by the category manager and added to the procurement pipeline for the following months or quarters creating a most comprehensive and proactive procurement plan, which then delivers significant sourcing efficiency.

Opportunity Assessment

Our AI powered Opportunity Assessment engine fills your pipeline for savings. Opportunity Assessment is an activity that requires deep procurement expertise and analytics skill to unearth savings and cost avoidance. Our AI model is developed to learn from the procurement teams across our client organizations in identifying savings across over 13 savings levers. The opportunity assessment also provides you with a savings profile generated using the collective intelligence of our clients, called savings benchmarks, which form the basis of the negotiations for category managers. In addition, provided there is line level data availability or manufacturer part information, Simfoni analytics can also deliver price intelligence for over a million SKUs from public sources of information.

What Our Clients Have To Say

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